Question

In: Operations Management

In this assessment, you will need demonstrate your ability to distinguish Value creation and Waste (Lean...

In this assessment, you will need demonstrate your ability to distinguish Value creation and Waste (Lean SixSigma).

1. Select and briefly describe a service process you have recently witnessed in your everyday life (buying bread, renting a car, booking a flight ticket, contacting customer service, etc.).
Then, describe the process further as follows:

2. Break the process down into at least 5 logical and chronological activities. – 2 points

3. Identify at least 2 activities in the process that create value and explain why. – 3 points

4. Identify at least 2 activities in the process that create waste and explain why. – 3 points

5. For the 2 activities that create waste, make short term actionable suggestions to improve these activities. – 2 points

Solutions

Expert Solution

The actvity selected is to purchase the fruit and vegetables for the kitchen from nearby market.

Activities

(i) Walked to the store in 5 minutes.

(ii) Selected the choicest of fresh items.

(iii) Waited in the line for six minutes.

(iv) Baragined with the store owner and got the bill reduced by $1.5

(v) Walked back to home.

(i) The activities that create value are selcting fresh and best items from the store and bargaining to get a discount of $1.5

(ii) The non value adding actiivities ( wasteful) are walking for ten minutes ( to and fro) the store and waiting for six minutes. ( here I don't consider the health benefits of walking)

(iii) For wasteful activities, the appropriate measures are

(a) Walking time can be rediced by using car or bike to the stre. It will at least cut the above time to half.

(b) Visiting the store early ( as soon as the goods arrive) might save the waiting time as fewer customers will be there.


Related Solutions

The purpose of the self-assessment paper is to demonstrate your ability to apply psychological concepts and...
The purpose of the self-assessment paper is to demonstrate your ability to apply psychological concepts and theory to your own life. It is not a research paper. The paper must be at least four (4), but no more than five (5) pages in length and address one of the following topics: How I Can Apply Psychology to My Future Life- How can the information you have learned in this class play a role in your future life. Describe how this...
Purpose The purpose of this assignment is to give you an opportunity to demonstrate your ability...
Purpose The purpose of this assignment is to give you an opportunity to demonstrate your ability to identify emerging ethical issues in business, interpret the multitude of perspectives inherent in your case study, and model appropriate behaviour by recommending specific solutions. How to Proceed Select a case. It can be one of the textbook cases that we have not discussed during the course. It can also come from the outside world, perhaps a case you have been following in the...
Its purpose is to provide you an opportunity to demonstrate your ability to think like an...
Its purpose is to provide you an opportunity to demonstrate your ability to think like an economist by applying economic principles to interpret the logic of a real-world phenomenon. Please identify any ONE of the monetary policies during COVID 19 in the world, use macroeconomic theories to demonstrate the economic logic behind this monetary policy. Also, please discuss how different schools of economics think of this monetary policy. Do you agree or disagree with this monetary policy? Please use the...
Its purpose is to provide you an opportunity to demonstrate your ability to think like an...
Its purpose is to provide you an opportunity to demonstrate your ability to think like an economist by applying economic principles to interpret the logic of a real-world phenomenon. Please identify any ONE of the monetary policies during COVID 19 in the world, use macroeconomic theories to demonstrate the economic logic behind this monetary policy. Also, please discuss how different schools of economics think of this monetary policy. Do you agree or disagree with this monetary policy? Please use the...
findings and make a statement about value creation. Is microsoft creating value for shareholders? You need...
findings and make a statement about value creation. Is microsoft creating value for shareholders? You need to answer this question directly. Support your statement with relevant ratios, stock price movements, and news events. This is a question as to whether Microsoft is creating value and why. Please be unambiguous in your answe
Demonstrate ability to recognize the need for change and take action to facilitate change as necessary.
Demonstrate ability to recognize the need for change and take action to facilitate change as necessary.
Use this assessment as an opportunity to demonstrate the breadth of your knowledge and understanding of...
Use this assessment as an opportunity to demonstrate the breadth of your knowledge and understanding of experimental design.Respond to the following question in essay format. Approximately, three to four paragraphs or 500-550 words. G. has just completed a study that shows a correlation between the amount of time children watch television and their attention spans. Assume the correlation was r = -.34. State an experimental hypothesis based on this finding and devise a simple procedure for testing it.
During the coaching session you must demonstrate your ability to: Present your implementation plan including; What...
During the coaching session you must demonstrate your ability to: Present your implementation plan including; What the identified problem is (lack of product knowledge/upselling training) Your proposed steps to resolve the issue How you will monitor the changes and staff performance How you will communicate recommendations for further improvements Present current sales figures and explain how upselling (toiletries and baby) will assist in increasing revue; Present the current refund statistics and explain how these are costing the store revenue; Explain...
Discuss what you know on the lean thinking,system and types of waste with giving examples ....
Discuss what you know on the lean thinking,system and types of waste with giving examples . ** The answer should not be less than 10 lines** Thank you..
Discuss what you know on the lean thinking,system and types of waste with giving examples ....
Discuss what you know on the lean thinking,system and types of waste with giving examples . You answer needs to be at least 8 lines and in paragraphs
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT